Title and Escrow

As we navigate through 2023 what may happen with the housing market over the next few months in the midst of high interest rates, low inventory, and elevated home prices is still anyone’s guess. A combination of Fed rate increases, coupled with other surprising factors, like the recent bank collapses, have had a widespread impact on the real estate industry. That includes title companies, which have had fewer closings and less business as a result of the sluggish home buying landscape.

However, title companies typically manage to stay profitable, even in the midst of a tenuous housing market, and most have managed to fare better than many of the other parts of the housing industry over the last year. Still, the layoffs and job cuts that occurred across the title industry last year indicated that the current housing market landscape may be rough for some title companies to navigate. In addition, there are talent gaps in the title insurance industry that could make it even more difficult for companies to fill crucial roles in the future. 

But it’s not all tough news for the title industry in 2023. The introduction of new technology and new policy has led to a shift toward the adoption of digital closings, a trend that could change the face of the title industry in the very near future. And, there are other signs that the housing market — and, in turn, the title industry — are finding a new normal, like the recent uptick in homebuyer demand, which could help drum up more business for the title insurance industry.

With the rapid shifts occurring in the housing market, it’s important to stay on top of the latest title news coverage. To keep on track with the title insurance news you need, register for HousingWire’s weekly ClosingTime newsletter here.

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Latest Shifts in the Spring Housing Market 

Hosted by Altos Research

The market has been heating back up, but rising mortgage rates have spooked some buyers. What signals can we see in the data for the housing market this spring? Join us March 21st for a free webinar with Altos President Mike Simonsen, who’ll look at the recent signals for the market’s trajectory, give an update […]

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Navigating new norms: Outsourcing as a catalyst for mortgage service excellence 

May 17, 2024Published by AIS

As the mortgage sector navigates through complex market dynamics, the primary objectives for many organizations remain the same: master cost efficiency, ensure the delivery of high-quality service, and effectively scale operations. Outsourcing activities to specialized providers continues to be a primary strategy for achieving such goals. This white paper discusses how lenders and servicers can:

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